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Speaker 1: Global business news twenty four hours a day at Bloomberg

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Speaker 1: dot Com, the Radio plus Mobile Act and on your radio.

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Speaker 1: This he's a Bloomberg Business Flash, Bloomberg World Headquarters. I'm

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Speaker 1: Charlie Peliferia. Have its sound of a closing bell at

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Speaker 1: the New York Stock Exchange. Folks from Groupos super Vey

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Speaker 1: ringing that closing bell, and we are brought to you

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Speaker 1: by Bank of America Merrill Lynches global cash Management solutions,

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Speaker 1: helping you manage, protect and invest your global cash wherever

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Speaker 1: the road to growth leads. That's the power of global connections.

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Speaker 1: Bank of America and North America member f d i

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Speaker 1: C stocks up the most in more than two months,

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Speaker 1: a surgeon home sales, fueling speculation the economy can withstand

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Speaker 1: higher rates amid rising bets of the Fed will raised rates.

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Speaker 1: Mike Ryan is chief Investment strategistic UBS Financial Services. He

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Speaker 1: was interviewed minutes ago right here on taking Stock. I

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Speaker 1: do think the markets are in the process right now

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Speaker 1: of becoming more comfortable bowl with the path where the

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Speaker 1: said has set for monetary policy. In other words, I

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Speaker 1: do think we're going to see rate increases over the

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Speaker 1: course of this year. But remember from They're gonna be

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Speaker 1: a very gradual, very deliberate, very measure type of rate hike.

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Speaker 1: Best By shares down the most in four months today,

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Speaker 1: after forecasting second quarter profit the trailed analysts estimates and

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Speaker 1: announcing the departure of Sharon McCollum, who helped revamp the

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Speaker 1: company's operations and cut costs. Matth Townsend covers retail for

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Speaker 1: it a Bloomberg News He was interviewed here on taking stock.

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Speaker 1: Almost every time I would speak to an Alice, they

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Speaker 1: would rave about Sharon McCollum. She came out and said, look,

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Speaker 1: we're gonna cut a billion dollars and the annualized costs

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Speaker 1: they did, they backed that up and that was a

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Speaker 1: big proving ground for this turnaround. And her leaving, you know,

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Speaker 1: has some ailists maybe questioning what's to come next, even

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Speaker 1: though the company ben over backwards to say. Her replacement,

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Speaker 1: this woman named Corey Barry, been in the company a

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Speaker 1: long time, was groomed by Sharing to take over. So

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Speaker 1: they're trying to paint it, as you know, in a

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Speaker 1: smooth transition. And Best Buy shares tumbling to day by

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Speaker 1: seven point four percent. Tow Industrial is up two hundred

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Speaker 1: twelve a gain of one point two percent, SMP up

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Speaker 1: twenty eight a gain of one point four percent, and

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Speaker 1: as a stack up two percent gold down twenty three dollars,

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Speaker 1: the ounce will drop of one point nine percent. Now,

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Speaker 1: let's take a look at other news from around the world.

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Speaker 1: On Bloomberg Radio, Charlie, thank you from the Bloomberg News Room.

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Speaker 1: I'm more Crumpton. Human remains may hold clues about what

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Speaker 1: caused egypt Air flight eight oh four to crash last week.

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Speaker 1: A senior Egyptian forensics official tells the Associated Press body

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Speaker 1: parts suggests there was an explosion on board the plane.

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Speaker 1: Egypt state run news agency denies the report. However, other

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Speaker 1: Egyptian officials have said they believe terrorism is the likely cause.

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Speaker 1: On day two of his trip to Vietnam, President Obama

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Speaker 1: today encourage the country to strengthen its human rights record.

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Speaker 1: Confronting our imperfections and allowing everybody to have their say

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Speaker 1: has helped us grow stronger and more prosperous and more dust.

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Speaker 1: The United States seems to be kicking the habit faster

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Speaker 1: than ever before. A new government report shows smoking among

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Speaker 1: adults in the US felled a fifteen percent last year

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Speaker 1: and involved the biggest one year decline in more than

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Speaker 1: twenty years. The right failed two percentage points from when

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Speaker 1: about seventeen percent of adult said they had recently lit up.

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Speaker 1: Experts believe anti smoking ad campaigns, increases in the cost

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Speaker 1: of a pack of cigarettes and smoking bands are played

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Speaker 1: a role in the decline. Michael Barr, Bloomberg Radio. The

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Speaker 1: Federal Emergency Management Agency FEMA is looking to implement changes

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Speaker 1: to the National Flood Insurance Program to increase transparency and oversight.

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Speaker 1: It comes after complaints about insurers who were accused of

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Speaker 1: low balling and short changing homeowners who sustained property damage

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Speaker 1: from Superstorm Sandy. And it's official the city of Atlanta

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Speaker 1: has been chosen to host the twenty nineteen Super Bowl.

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Speaker 1: Global News twenty four hours a day, powered by our

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Speaker 1: journalists in more than one fifty news bureaus around the

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Speaker 1: world from the Bloomberg News Room by Mark Crumpton. Charlie,

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Speaker 1: and we thank you and again recapping a surge for

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Speaker 1: stocks today with the S and P five hundred index

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Speaker 1: up twenty eight points to two thousand and seventy six.

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Speaker 1: That is a gain of one point four percent. I'm

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Speaker 1: Charlie Pellett, and that's a Bloomberg business flash. Move around,

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Speaker 1: Morten Gray, the elite move on. You move like they do.

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Speaker 1: I've never seen anyone move that back hard people. Let's

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Speaker 1: move like to get a purpose. That was called movers

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Speaker 1: and shakers. They cost a little more, and that name

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Speaker 1: cracked me up. Bloomberg taking stock Movers and shakers with

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Speaker 1: Pim Fox and Kathleen Hays on Bloomberg Radio, moving and

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Speaker 1: shaken definitely to the upside to day with four her

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Speaker 1: in sixty four companies within the SMP five hundred having

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Speaker 1: their share price close higher, only forty one with their

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Speaker 1: share price lower, zero unchanged, joining us again. Dave Wilson,

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Speaker 1: our stocks editor, what's moving and shaking most for you today? Dave? Well,

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Speaker 1: I'm taking a look at Netflix because sometimes, you know,

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Speaker 1: you get reminded about events that are coming up, and

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Speaker 1: that's enough to get investors excited. I say that because

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Speaker 1: you know, in September, Netflix will become the exclusive home

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Speaker 1: for films from Walt Disney and It's Marvel, Lucasfilm and

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Speaker 1: Pixar units. And people got a reminder about that from Variety,

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Speaker 1: the entertainment magazine. They put out a story so looking

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Speaker 1: at what's ahead for Netflix in light of this agreement,

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Speaker 1: which was actually signed three and a half years ago. Nonetheless,

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Speaker 1: good day for Netflix. Shares there rose three point two percent.

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Speaker 1: Thank you very much, Dave Wilson. Gonna see your Netflix

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Speaker 1: and I'm gonna raise you some. Apple uh up one

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Speaker 1: and a half percent today, Apple shares up a dollar

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Speaker 1: forty eight nine one on the clothes taking a look

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Speaker 1: at Apple UM. Now we know that Apple's chief executive

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Speaker 1: Tim Cook went to India last week in order to

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Speaker 1: try to sell more of those iPhones. UM. The trip

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Speaker 1: maybe not so great. India's Foreign Investment Promotion Board roulet.

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Speaker 1: Apple must comply with regulations to procure thirty percent of

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Speaker 1: components locally if it wants to sell through its own

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Speaker 1: retail stores. This according to people with direct knowledge of

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Speaker 1: the matter. But that doesn't seem to be hurting the

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Speaker 1: shares of Apple today they are highered by one and

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Speaker 1: a half percent. Well. Home builders up across the board.

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Speaker 1: Look at Toll Brothers up eight point seven percent at

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Speaker 1: the closet six cents, but Dr Horton up four percent,

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Speaker 1: Lenar up almost four percent, Pulti Group up more than

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Speaker 1: five percent, and the big. The big hid in part

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Speaker 1: that is raising these home builder boats, of course, is

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Speaker 1: the new home sales report. New home sales in April

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Speaker 1: up sixteen point six percent, the highest level six or

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Speaker 1: nineteen thousand units of the NANO rates since jan two

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Speaker 1: thousand and eight, the largest percentage increase since nine two.

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Speaker 1: But on top of that, Told Brothers reporting earnings per

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Speaker 1: share that beat estimates. UH orders doing better, and they

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Speaker 1: had a trend, a positive trend in reservation deposits up

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Speaker 1: twenty five year over year. So a very solid day,

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Speaker 1: but a note of warning. Our own Vinde Dell Judis

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Speaker 1: at the First Word Desk put out comments from many

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Speaker 1: economists saying, you know, this data can be volatile, Dave.

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Speaker 1: It can go up a lot one month and down

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Speaker 1: the next. Still today a big pad on the back

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Speaker 1: for the home builders. Oh, you could pat Sony on

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Speaker 1: the back today. And it's interesting to see that because

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Speaker 1: you know, the company came out with a forecast for

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Speaker 1: its current fiscal year which ends next March. They're looking

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Speaker 1: at a forty six percent rop in income. Wasn't one

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Speaker 1: analysts expected. They were looking for an increase on average

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Speaker 1: least the ones we survey. The thing is, though those

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Speaker 1: numbers include costs associated with an earthquake and lost sales

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Speaker 1: and slowing demand for smartphone components. But there are a

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Speaker 1: couple of stories going on Sony right now. One of

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Speaker 1: them is growth in their video game business, the play

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Speaker 1: station four Mosley coming out this year, and beyond that,

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Speaker 1: they're making sensors for driverless cars and other types of

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Speaker 1: new products. So people kind of looked at the numbers

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Speaker 1: and set aside that the disappointment in terms of the

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Speaker 1: Army's forecast and drove Sony shares up six percent in

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Speaker 1: US trading. Shares a Norfolk Southern the Railroad down nearly

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Speaker 1: three percent. Today. They've been presenting at the Wolf Research

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Speaker 1: Global Transportation Conference in New York City, Norfolk Southern saying

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Speaker 1: that second quarter volume of utility coal will be between

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Speaker 1: thirteen and fourteen million tons UH and thirteen and fifty

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Speaker 1: million tons for the third and fourth quarter, respectively, But

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Speaker 1: this all depends on whether they had lowered their utility

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Speaker 1: coal guidance to fifty million tons from twenty million tons,

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Speaker 1: just less use of coal supply and demand, also warm

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Speaker 1: weather low natural gas prices. Shares of Norfolk Southern down

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Speaker 1: nearly three percent. All right, it's time now for the

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Speaker 1: volatility Index. Reported is brought to you by cbo E

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Speaker 1: VIX Options and Futures. Volatility can be harnessed with cbo

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Speaker 1: E VIX Options and futures see disclosures. Learn more at

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Speaker 1: cbo e dot com Slash Powerful Outcomes VIX. Taking a

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Speaker 1: look at the VIX today lower because of the stock markets.

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Speaker 1: Search cbo E VIX down one point three I beg

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Speaker 1: your pardon, down one point three points at a decline

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Speaker 1: of eight and a half percent, settling at fourteen point

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Speaker 1: four nine, and the VIX as we take a look,

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Speaker 1: still performing at a level under historical average of fourteen.

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Speaker 1: The VIX fourteen point four nine. All right, Dave, you're up?

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Speaker 1: Uh hi, my name is Dave. Just what do you

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Speaker 1: think you're doing? We're going for the pound Wilson Day day.

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Speaker 1: Nordson is your stock of the day and looks like

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Speaker 1: they are doing pretty well. I know you were thinking

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Speaker 1: of Nordstrom being Pacific Northwest native that you are, but

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Speaker 1: it's North Sun. It's a company that traces. It's roused

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Speaker 1: back to nineteen o nine when the US Automatic Company

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Speaker 1: got started. US Automatic was run by Walter G. Nord

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Speaker 1: for years. His sons Eric and Evan founded a new

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Speaker 1: company in they were nords Sons, hence the name. Nordson

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Speaker 1: makes machinery that applies adhesives and industrial codings along with

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Speaker 1: chip production equipment. Company has been publicly traced this nineteen

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Speaker 1: seventy nine and sticker symbol as n d s N.

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Speaker 1: Nordson shares peaked in May of last year and then

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Speaker 1: sank as much as thirty six percent as earnings reports

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Speaker 1: were disappointing. In January, the stock fell a what's lowest

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Speaker 1: price in about three and a half years Nordstrong nord Sun,

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Speaker 1: I should say, then rebounded and the recovery actually was

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Speaker 1: completed today after the release of fiscal second quarter results.

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Speaker 1: Adjusted earnings beat alist average estimate and Bloomberg survey by

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Speaker 1: thirty percent, the widest margin in six years. Sales exceeded

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Speaker 1: projections as well, and Nordson shares on the day well,

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Speaker 1: they had their biggest one day games since at least

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Speaker 1: nine four stock rising fifteen percent. Thank you, Dave Wilson,

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Speaker 1: Bloomberg Stocks Commas. Send Dave an email at d Wilson

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Speaker 1: at Bloomberg dot net. That's d Wilson at Bloomberg dot Net.

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Speaker 1: Sign up for his daily pre email newsletter. It will

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